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Manley named CEO....
- Thread starter HotCarNut
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Manley is /would be great,and quite frankly the best all around.
Base on what Bob as stated in before,Manley is the one preferred in CTC.
I just saw a rumor that John Elkann is taking Ferrari Chairman and CEO position himself...(Sergio was the Chairman and CEO of Ferrari).
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John will be the Chairman. But CEO could be a guy from Phillip Morris.
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FCA Announcement
With reference to the health of Sergio Marchionne, Fiat Chrysler Automobiles N.V. (“FCA”) (NYSE: FCAU / MTA: FCA) communicates with profound sorrow that during the course of this week unexpected complications arose while Mr. Marchionne was recovering from surgery and that these have worsened significantly in recent hours.
As a consequence, Mr. Marchionne will be unable to return to work.
The Board of Directors of FCA, meeting today, firstly expressed its closeness to Sergio Marchionne and his family and underlined the extraordinary contribution, both human and professional, that he has made to the Company in these years.
The Board resolved to accelerate the CEO transition process that has been proceeding over the past months and named Mike Manley as CEO. The Board will therefore propose to the next Shareholder Meeting, to be called in the coming days, that he be elected to the Board and serve as an executive director of the Company.
In the meantime, in order to provide for his full authority and operational continuity for the company, the Board has with immediate effect granted Mr. Manley all the powers of CEO. He will also assume responsibility for the NAFTA region.
Mr. Manley and his management team will proceed with the implementation of the 2018 – 2022 Business Plan as presented on 1 June this year, a plan that will further assure FCA’s strong and independent future.
London, 21 July 2018
https://www.fcagroup.com/en-US/medi.../FiatDocuments/2018/july/FCA_ANNOUNCEMENT.pdf
With reference to the health of Sergio Marchionne, Fiat Chrysler Automobiles N.V. (“FCA”) (NYSE: FCAU / MTA: FCA) communicates with profound sorrow that during the course of this week unexpected complications arose while Mr. Marchionne was recovering from surgery and that these have worsened significantly in recent hours.
As a consequence, Mr. Marchionne will be unable to return to work.
The Board of Directors of FCA, meeting today, firstly expressed its closeness to Sergio Marchionne and his family and underlined the extraordinary contribution, both human and professional, that he has made to the Company in these years.
The Board resolved to accelerate the CEO transition process that has been proceeding over the past months and named Mike Manley as CEO. The Board will therefore propose to the next Shareholder Meeting, to be called in the coming days, that he be elected to the Board and serve as an executive director of the Company.
In the meantime, in order to provide for his full authority and operational continuity for the company, the Board has with immediate effect granted Mr. Manley all the powers of CEO. He will also assume responsibility for the NAFTA region.
Mr. Manley and his management team will proceed with the implementation of the 2018 – 2022 Business Plan as presented on 1 June this year, a plan that will further assure FCA’s strong and independent future.
London, 21 July 2018
https://www.fcagroup.com/en-US/medi.../FiatDocuments/2018/july/FCA_ANNOUNCEMENT.pdf
Sergio worked his tail off for Exor, he was the head of NAFTA/"Chrysler" day-to-day, as well the CEO of Ferrari on top of the CEO position at FCA. Crazy schedule when you review it.
I also seen the Phillips Morris former Chairman rumor which is kind of a odd fit for Ferrari which needs a premium brand guy or girl (or sombody from even Disney).
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Statement by John Elkann
I am profoundly saddened to learn of Sergio’s state of health. It is a situation that was unthinkable until a few hours ago, and one that leaves us all with a real sense of injustice.
My first thoughts go to Sergio and his family.
What struck me about Sergio from the very beginning, when we met to talk about the possibility of him coming to work for the Group, even more than his management skills and unusual intelligence, were his human qualities, his generosity and the way he understood people.
Over the past 14 years together we have lived through successes and difficulties, internal and external crises, but also unique and unrepeatable moments, both personal and professional.
For so many, Sergio has been an enlightened leader and a matchless point of reference.
For me, he has been someone with whom to share thoughts and in whom to trust, a mentor and above all a true friend.
He taught us to think differently and to have the courage to change, often in unconventional ways, always acting with a sense of responsibility for the companies and their people.
He taught us that the only question that’s worth asking oneself at the end of every day is whether we have been able to change something for the better, whether we have been able to make a difference.
And Sergio has always made a difference, wherever his work took him and in the lives of so very many people.
Today, that difference can be seen in the culture that he introduced in all the companies he has led, a culture that has become an integral part of each and every one of them.
The succession plans we have just announced, even if not without pain from a personal point of view, mean we can guarantee the maximum possible continuity, preserving our companies’ unique cultures.
It has been my privilege to have had Sergio at my side for all these years.
I would ask everyone for their understanding in these circumstances and to respect Sergio’s privacy and that of those who are dear to him.
https://www.fcagroup.com/en-US/medi...uments/2018/july/STATEMENT_BY_JOHN_ELKANN.pdf
I am profoundly saddened to learn of Sergio’s state of health. It is a situation that was unthinkable until a few hours ago, and one that leaves us all with a real sense of injustice.
My first thoughts go to Sergio and his family.
What struck me about Sergio from the very beginning, when we met to talk about the possibility of him coming to work for the Group, even more than his management skills and unusual intelligence, were his human qualities, his generosity and the way he understood people.
Over the past 14 years together we have lived through successes and difficulties, internal and external crises, but also unique and unrepeatable moments, both personal and professional.
For so many, Sergio has been an enlightened leader and a matchless point of reference.
For me, he has been someone with whom to share thoughts and in whom to trust, a mentor and above all a true friend.
He taught us to think differently and to have the courage to change, often in unconventional ways, always acting with a sense of responsibility for the companies and their people.
He taught us that the only question that’s worth asking oneself at the end of every day is whether we have been able to change something for the better, whether we have been able to make a difference.
And Sergio has always made a difference, wherever his work took him and in the lives of so very many people.
Today, that difference can be seen in the culture that he introduced in all the companies he has led, a culture that has become an integral part of each and every one of them.
The succession plans we have just announced, even if not without pain from a personal point of view, mean we can guarantee the maximum possible continuity, preserving our companies’ unique cultures.
It has been my privilege to have had Sergio at my side for all these years.
I would ask everyone for their understanding in these circumstances and to respect Sergio’s privacy and that of those who are dear to him.
https://www.fcagroup.com/en-US/medi...uments/2018/july/STATEMENT_BY_JOHN_ELKANN.pdf
Wow, I hope Marchionne makes a full recovery, my thoughts are with him and his family.
Manley makes sense as a successor and was one of my guesses as to who would be replacing Marchionne.
Manley makes sense as a successor and was one of my guesses as to who would be replacing Marchionne.
Very good news! I have been calling this for the past two years... Manley will be a great leader for the company.
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He was definitely my top pick as well. I’m very excited about this decision but concerned for Sergio. Thoughts and prayers for he and his family.
Manley maintains position for now.
Listen to how passionate Manley is about his vehicles in this interview...
Mike, will be a great leader and ambassador for all of FCA. He will keep FCA on Sergio's path.
Mike, will be a great leader and ambassador for all of FCA. He will keep FCA on Sergio's path.
Mike Manley has been immediately granted "all the powers of CEO" of Fiat Chrysler Automobiles. In a statement, FCA said its Board of Directors made this decision "in order to provide for his full authority and operational continuity for the company." Manley, who has been at the helm of Jeep since 2009 and Ram since 2015, is expected to be named an executive director for FCA after the next shareholder's meeting.
In a similar statement, Ferrari said it had "named John Elkann as Chairman and will propose to Shareholders, at a meeting to be called in the coming days, that Louis C. Camilleri be named as CEO."
CNH Industrial, a company that makes trucks, agricultural, and industrial equipment and which Marchionne also chairs, named Suzanna Heywood, as his replacement.
Sergio Marchionne, who had served as CEO of both FCA and Ferrari, suffered "unexpected complications" as he was recovering from surgery performed earlier this month. FCA's statement adds that these complications "have worsened significantly in recent hours."
Marchionne, credited with rescuing Fiat and Chrysler from bankruptcy since taking the wheel at the Italian carmaker in 2004, had been due to step down as the head of Fiat Chrysler next April. His internal successor had yet to be named. Marchionne had previously said he planned to stay on as Ferrari Chairman and CEO until 2021.
Reuters
In a similar statement, Ferrari said it had "named John Elkann as Chairman and will propose to Shareholders, at a meeting to be called in the coming days, that Louis C. Camilleri be named as CEO."
CNH Industrial, a company that makes trucks, agricultural, and industrial equipment and which Marchionne also chairs, named Suzanna Heywood, as his replacement.
Sergio Marchionne, who had served as CEO of both FCA and Ferrari, suffered "unexpected complications" as he was recovering from surgery performed earlier this month. FCA's statement adds that these complications "have worsened significantly in recent hours."
Marchionne, credited with rescuing Fiat and Chrysler from bankruptcy since taking the wheel at the Italian carmaker in 2004, had been due to step down as the head of Fiat Chrysler next April. His internal successor had yet to be named. Marchionne had previously said he planned to stay on as Ferrari Chairman and CEO until 2021.
Reuters
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Hmh, that's interesting. But not a good solution. It was not good in the past.
Sergio said that when he will leave a company two persons will got a promotion. One to a FCA NAFTA COO role and the other one to a FCA CEO role.
Moparjerry
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Wishing Sergio nothing but a speedy & complete recovery, i believe he worked tiredlesslie to achieve his goals one of which was to save Chrysler, Dodge ,Jeep & Ram, for this i thank him very much. Without him who knows what they would look like today. Mike Manley would be my choice he appears to have vision , leadership , respect & a hard driving ability to get things done. Wishing him much success in bettering our favorite brands.
MOPAR Always!
MOPAR Always!
Its only temporary... remember this was a rush to get him appointed. I am sure we will see more changes this week.